Day number 15 Comparison video is up.
http://youtu.be/QTFDijPcPec?list=UUjuA5pMUn38CNcPmmxTE1Aw
Payments were as follows:
Genesis Mining 10 GH/s contract 0.00015227 BTC
Gaw Miners Genesis Hashlet 15 GH/s 0.00014725 BTC
Genesis Mining 1 MH/s contract 0.00042864 BTC
GAW Waffle Hashlet 0.00048097 BTC
GAW Zen Hashlet 0.00041154 BTC
Thanks
Ian
Topic: Genesis-Mining Review - page 33. (Read 126905 times)
Tempted to throw something on these guys to try and diversify a bit but I cant seem to make myself do it.
I'm going to try one Genesis Hashlet , they have an offer , 8'95 instead 9'95 for 10 Gh/s .
I have noticed that you can run the hashlet on 3 pools , they give an estimated payout for the next 24h .
GenesisMulti 0.00001756 BTC
GenesisGuild 0.00001451 BTC
GenesisHash 0.00001451 BTC
I have noticed that you can run the hashlet on 3 pools , they give an estimated payout for the next 24h .
GenesisMulti 0.00001756 BTC
GenesisGuild 0.00001451 BTC
GenesisHash 0.00001451 BTC
Those hashlet rates change daily, keep an eye on them and switch pools for the best payouts.
I try and do that for my videos as well, only trouble for me is that sometimes it has changed whilst I have been asleep, wish they could just allow you somehow just to autoswitch your hashlet when needed.
Yep , while I was sleeping reward for GenesisMulti decreased to 1451 , probably They will adding soon autoswitch to the most profitable pool , they have been focusing a lot to improve scrypt hashlets and I assume They will improve too eventually the SHA-256 hashlet .
You are doing a great job with your revieuw here , I think that I'm going to buy some altcoin mining power on Geneses Miners next week since They seem to be more profitable , I just bough the sha256 miner from gaw miners due to the drop price since it will make easier ROI even been a little bit less rewarding than Genesis mining sha256 .
Day 14 video is up.
http://youtu.be/lJuapfPAcC8
Payments were as follows:
Genesis Mining 10 GH/s contract 0.00015025 BTC
Gaw Miners Genesis Hashlet 0.00016815 BTC
Genesis Mining 1 MH/s contract 0.00038361 BTC
GAW Waffle Hashlet 0.00031091 BTC
GAW Zen Hashlet 0.00050532 BTC
Ian
http://youtu.be/lJuapfPAcC8
Payments were as follows:
Genesis Mining 10 GH/s contract 0.00015025 BTC
Gaw Miners Genesis Hashlet 0.00016815 BTC
Genesis Mining 1 MH/s contract 0.00038361 BTC
GAW Waffle Hashlet 0.00031091 BTC
GAW Zen Hashlet 0.00050532 BTC
Ian
I'm going to try one Genesis Hashlet , they have an offer , 8'95 instead 9'95 for 10 Gh/s .
I have noticed that you can run the hashlet on 3 pools , they give an estimated payout for the next 24h .
GenesisMulti 0.00001756 BTC
GenesisGuild 0.00001451 BTC
GenesisHash 0.00001451 BTC
I have noticed that you can run the hashlet on 3 pools , they give an estimated payout for the next 24h .
GenesisMulti 0.00001756 BTC
GenesisGuild 0.00001451 BTC
GenesisHash 0.00001451 BTC
Those hashlet rates change daily, keep an eye on them and switch pools for the best payouts.
I try and do that for my videos as well, only trouble for me is that sometimes it has changed whilst I have been asleep, wish they could just allow you somehow just to autoswitch your hashlet when needed.
I'm going to try one Genesis Hashlet , they have an offer , 8'95 instead 9'95 for 10 Gh/s .
I have noticed that you can run the hashlet on 3 pools , they give an estimated payout for the next 24h .
GenesisMulti 0.00001756 BTC
GenesisGuild 0.00001451 BTC
GenesisHash 0.00001451 BTC
I have noticed that you can run the hashlet on 3 pools , they give an estimated payout for the next 24h .
GenesisMulti 0.00001756 BTC
GenesisGuild 0.00001451 BTC
GenesisHash 0.00001451 BTC
Those hashlet rates change daily, keep an eye on them and switch pools for the best payouts.
I'm going to try one Genesis Hashlet , they have an offer , 8'95 instead 9'95 for 10 Gh/s .
I have noticed that you can run the hashlet on 3 pools , they give an estimated payout for the next 24h .
GenesisMulti 0.00001756 BTC
GenesisGuild 0.00001451 BTC
GenesisHash 0.00001451 BTC
I have noticed that you can run the hashlet on 3 pools , they give an estimated payout for the next 24h .
GenesisMulti 0.00001756 BTC
GenesisGuild 0.00001451 BTC
GenesisHash 0.00001451 BTC
Day 13 comparison of payments with Genesis Mining and GAW Miners Hashlets.
http://youtu.be/tTwcHSAmRzI
Payments were as follows:
Genesis Mining 10 GH/s contract 0.00015110 BTC
Gaw Miners Genesis Hashlet 0.00016861 BTC
Winner - Genesis Hashlet, second time in two days
Genesis Mining 1 MH/s contract 0.00040342 BTC
GAW Waffle Hashlet 0.00036607 BTC
GAW Zen Hashlet 0.00042555 BTC
Ian
http://youtu.be/tTwcHSAmRzI
Payments were as follows:
Genesis Mining 10 GH/s contract 0.00015110 BTC
Gaw Miners Genesis Hashlet 0.00016861 BTC
Winner - Genesis Hashlet, second time in two days
Genesis Mining 1 MH/s contract 0.00040342 BTC
GAW Waffle Hashlet 0.00036607 BTC
GAW Zen Hashlet 0.00042555 BTC
Ian
okay thats cool ill make one then 
@Ian
Could you make a spreadsheet with the cost of each package and the amount that package has earned so far?
Ahmed
Could you make a spreadsheet with the cost of each package and the amount that package has earned so far?
Ahmed
I don't have a spreadsheet or a programme like excel etc
Was hoping someone else would do that....
I have got a text file which I have put in my videos which I update all the time.
I have numbers like what you ask already in the text file, although not specifically the Hashlet Zen on its own as I bought all the Hashlets at the same time and they gave me a price in USD, then a total price in BTC.
@Ian
Could you make a spreadsheet with the cost of each package and the amount that package has earned so far?
Ahmed
Could you make a spreadsheet with the cost of each package and the amount that package has earned so far?
Ahmed
Day 12 Comparison Video
http://youtu.be/r0nrdoKavcY
Payments were as follows:
Genesis Mining 10 GH/s contract 0.00015151 BTC
Gaw Miners Genesis Hashlet 0.00020084 BTC
Genesis Mining 1 MH/s contract 0.00044169 BTC
GAW Waffle Hashlet 0.00042250 BTC
GAW Zen Hashlet 0.00044241 BTC
Ian
http://youtu.be/r0nrdoKavcY
Payments were as follows:
Genesis Mining 10 GH/s contract 0.00015151 BTC
Gaw Miners Genesis Hashlet 0.00020084 BTC
Genesis Mining 1 MH/s contract 0.00044169 BTC
GAW Waffle Hashlet 0.00042250 BTC
GAW Zen Hashlet 0.00044241 BTC
Ian
Jesus.......I was comparing the cost/income in dollar terms as due to the cost of these packages it will be quite rare that people are lucky enough to pay for cloud mining packages purely out of the bitcoins they have generated.
Anyway, for the sake of comparison I spent an hour of my life adding up my earnings so far.
Results are as follows (in bitcoin as this is what finalhash appreciates!):
Earnings over first 85 days of contract: 0.13658912 Btc
Average earnings per dayover past 20 day period: 0.000759809 Btc
Projected earnings over final 280 days assuming NO increase in difficulty: 0.21274638 Btc
Therefore total income projected for my annual contract is: 0.3493355 Btc
The contract cost me 0.433 Btc, so projected loss in Bitcoin of 0.0836645 Btc!!!
Obviously, as I said before the likelihood of script difficulty increasing significantly for the rest of the year is high due to increasing ASIC manufacturers jumping onboard, so these results will probably be worse than expected unless there are significant gains in prices of alt coins to compensate.
Therefore, even without this risk I couldn't really recommend them unfortunately - although the website GUI is easy to use.
Anyway, for the sake of comparison I spent an hour of my life adding up my earnings so far.
Results are as follows (in bitcoin as this is what finalhash appreciates!):
Earnings over first 85 days of contract: 0.13658912 Btc
Average earnings per dayover past 20 day period: 0.000759809 Btc
Projected earnings over final 280 days assuming NO increase in difficulty: 0.21274638 Btc
Therefore total income projected for my annual contract is: 0.3493355 Btc
The contract cost me 0.433 Btc, so projected loss in Bitcoin of 0.0836645 Btc!!!
Obviously, as I said before the likelihood of script difficulty increasing significantly for the rest of the year is high due to increasing ASIC manufacturers jumping onboard, so these results will probably be worse than expected unless there are significant gains in prices of alt coins to compensate.
Therefore, even without this risk I couldn't really recommend them unfortunately - although the website GUI is easy to use.
nothing more to say man, i have more or less the same numbers with another cloud minning company, ppl should undersatnd that mining is not profitable anymore, at least not with those prices..
ty man for your post.
Jesus.......I was comparing the cost/income in dollar terms as due to the cost of these packages it will be quite rare that people are lucky enough to pay for cloud mining packages purely out of the bitcoins they have generated.
Anyway, for the sake of comparison I spent an hour of my life adding up my earnings so far.
Results are as follows (in bitcoin as this is what finalhash appreciates!):
Earnings over first 85 days of contract: 0.13658912 Btc
Average earnings per dayover past 20 day period: 0.000759809 Btc
Projected earnings over final 280 days assuming NO increase in difficulty: 0.21274638 Btc
Therefore total income projected for my annual contract is: 0.3493355 Btc
The contract cost me 0.433 Btc, so projected loss in Bitcoin of 0.0836645 Btc!!!
Obviously, as I said before the likelihood of script difficulty increasing significantly for the rest of the year is high due to increasing ASIC manufacturers jumping onboard, so these results will probably be worse than expected unless there are significant gains in prices of alt coins to compensate.
Therefore, even without this risk I couldn't really recommend them unfortunately - although the website GUI is easy to use.
Anyway, for the sake of comparison I spent an hour of my life adding up my earnings so far.
Results are as follows (in bitcoin as this is what finalhash appreciates!):
Earnings over first 85 days of contract: 0.13658912 Btc
Average earnings per dayover past 20 day period: 0.000759809 Btc
Projected earnings over final 280 days assuming NO increase in difficulty: 0.21274638 Btc
Therefore total income projected for my annual contract is: 0.3493355 Btc
The contract cost me 0.433 Btc, so projected loss in Bitcoin of 0.0836645 Btc!!!
Obviously, as I said before the likelihood of script difficulty increasing significantly for the rest of the year is high due to increasing ASIC manufacturers jumping onboard, so these results will probably be worse than expected unless there are significant gains in prices of alt coins to compensate.
Therefore, even without this risk I couldn't really recommend them unfortunately - although the website GUI is easy to use.
i really hope the price of alt coins can increase in a high level.
Hi Ian - don't suppose you have a link to where it says that the 1 year contracts will be upgraded?
I had a look in my account area and i haven't received any notice on there or in my emails.
Thanks,
Stephen
I had a look in my account area and i haven't received any notice on there or in my emails.
Thanks,
Stephen
Hi Stephen.
It was something that was posted in the forums.
I believe on Facebook too.
https://bitcointalksearch.org/topic/m.8763406
Your contract doesn't change to lifetime until the day your existing one ends.
Ok, cheers Ian. If I can get within $50 of a ROI, which might be achievable in about a years time (espeicially if there is a nice increase in BTC & Script prices) then I will be happy lol.
Day 11 Comparison Video
http://youtu.be/ldisSUZJFWU
Payouts were as follows.
Genesis Mining 10 GH/s contract 0.00017688 BTC
Gaw Miners Genesis Hashlet 0.00014198 BTC
Genesis Mining 1 MH/s contract 0.00044423 BTC
GAW Waffle Hashlet 0.00029356 BTC
GAW Zen Hashlet 0.00043469 BTC
Ian
http://youtu.be/ldisSUZJFWU
Payouts were as follows.
Genesis Mining 10 GH/s contract 0.00017688 BTC
Gaw Miners Genesis Hashlet 0.00014198 BTC
Genesis Mining 1 MH/s contract 0.00044423 BTC
GAW Waffle Hashlet 0.00029356 BTC
GAW Zen Hashlet 0.00043469 BTC
Ian
True, the biggest problem with cloud mining is that the company can disappear before the end of your contract.
All the costs, calculations and difficulty rises come second.
You mean the economical dead of your contract when it becomes negative? All the costs, calculations and difficulty rises come second.
Anyone find out about what would happen if the mining wasnt profitable one day and the fees we're higher than the btc earned?
Ahmed
Ahmed
I don't think it will ever get to that point (well, maybe one day) because people are mining BTC for over 5 years now and it still is quite profitable. Also mining altcoins should always be profitable because you do not mine BTC, but exchange altcoins to btc and there are new coins being added so the difficulty is not that big kind of a problem here.
People, we all want a Trip to the MOON Right!?
Voucher-code MOON Will give u a Highest Discount possible !
Genesis Mining is like no other.
Voucher-code MOON Will give u a Highest Discount possible !
Genesis Mining is like no other.
I was going to use your code, but noticed it was only 3% like many others.
I guess these high discount promocodes only last a while and you have to try and use them before they run out ;(
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